Shannon Silcott
Bowie
Summary
Results-driven underwriter with expertise in risk assessment, quality assurance, and credit analysis. Proven ability to implement process improvements and ensure compliance with federal regulations.
Overview
10
10
years of professional experience
Work History
Underwriter
Department of Housing and Urban Development
Alexandria, VA
02.2022 - Current
- Reviewed financial documents and assessed applicant creditworthiness to support loan approvals.
- Evaluated risk factors and determined underwriting decisions for housing assistance applications.
- Collaborated with stakeholders to ensure compliance with federal housing regulations and policies.
- Implemented process improvements that enhanced efficiency and accuracy in risk assessment procedures.
- Conducted regular audits of underwriting files to ensure adherence to quality standards and guidelines.
- Developed comprehensive reports summarizing underwriting activities, findings, and recommendations for management review.
Sr. Quality Control Underwriter
Freddie Mac
McLean, VA
06.2021 - 02.2022
- Evaluated loan applications for compliance with Freddie Mac guidelines and industry standards.
- Reviewed underwriting decisions to ensure accuracy and adherence to policy requirements.
- Collaborated with cross-functional teams to resolve discrepancies in loan documentation.
- Conducted training sessions for junior underwriters on best practices and quality standards.
- Provided timely feedback to loan originators on areas where they can improve their documentation or processes, leading to better overall performance.
Commercial Loan Specialist
Department of Agriculture
Lawrenceburg, TN
08.2020 - 04.2021
- Analyzed loan applications to assess eligibility and risk factors for agricultural financing.
- Facilitated communication between borrowers and the Department of Agriculture to streamline loan processing.
- Evaluated financial documents to ensure compliance with federal regulations and guidelines.
- Presented loan recommendations to the credit committee, providing persuasive rationale for approval based on comprehensive financial analysis and sound judgment.
- Enhanced client relationships through consistent communication and attentive customer service, resulting in increased referrals and repeat business.
Sr. Loan Insurance Underwriter (Contractor)
State of Maryland Department of Housing & Community Development
Lanham, MD
11.2019 - 08.2020
- Evaluated insurance applications to determine risk and coverage options.
- Collaborated with agents to clarify underwriting guidelines and address client inquiries.
- Developed comprehensive reports summarizing underwriting decisions and rationale.
- Spearheaded project to integrate environmental, social, and governance (ESG) criteria into underwriting processes.
Sr. Underwriter
Old Line Bank/Wesbanco
Bowie, MD
11.2016 - 11.2019
- Evaluated risk factors and determined underwriting decisions for commercial loans.
- Collaborated with loan officers to structure deals that align with bank policies.
- Mentored junior underwriters on best practices and regulatory compliance.
- Analyzed financial statements and credit reports for accurate risk assessment.
- Led cross-functional teams in assessing emerging market trends impacting lending strategies.
- Participated in industry conferences and seminars to stay informed about the latest trends, regulatory changes, and best practices in underwriting.
Education
High School Diploma -
High Point High School
Beltsville, MDSkills
- Underwriting guidelines
- Analyzing data
- Documentation review
- Risk assessment
- Regulatory compliance
- Risk mitigation
- Policy interpretation
- Credit analysis
- Portfolio management
- Underwriting standards
- Loan valuation
- Written communication
Timeline
Underwriter
Department of Housing and Urban Development
02.2022 - Current
Sr. Quality Control Underwriter
Freddie Mac
06.2021 - 02.2022
Commercial Loan Specialist
Department of Agriculture
08.2020 - 04.2021
Sr. Loan Insurance Underwriter (Contractor)
State of Maryland Department of Housing & Community Development
11.2019 - 08.2020
Sr. Underwriter
Old Line Bank/Wesbanco
11.2016 - 11.2019
High School Diploma -
High Point High School